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ShaMaran Petroleum (CVE:SNM) Stock Price Up 10.5% - Should You Buy?

ShaMaran Petroleum logo with Energy background

ShaMaran Petroleum Corp. (CVE:SNM - Get Free Report)'s stock price rose 10.5% during mid-day trading on Monday . The stock traded as high as C$0.21 and last traded at C$0.21. Approximately 127,450 shares traded hands during mid-day trading, a decline of 54% from the average daily volume of 275,301 shares. The stock had previously closed at C$0.19.

ShaMaran Petroleum Price Performance

The company has a current ratio of 4.89, a quick ratio of 1.07 and a debt-to-equity ratio of 100.09. The company has a 50 day moving average price of C$0.19 and a 200 day moving average price of C$0.18. The company has a market capitalization of C$460.25 million, a P/E ratio of 6.26 and a beta of 1.14.

About ShaMaran Petroleum

(Get Free Report)

ShaMaran Petroleum Corp., together with its subsidiaries, engages in the oil and gas exploration and production. It holds interest in the Atrush Block production sharing contract; and in the Sarsang Production Sharing Contract in the Kurdistan region of Iraq. The company was incorporated in 1991 and is headquartered in Vancouver, Canada.

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